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Side-by-side financial comparison of AerSale Corp (ASLE) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $90.9M, roughly 1.1× AerSale Corp). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 5.9%, a 32.8% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs -4.0%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $9.8M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs 0.2%).
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
ASLE vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.9M | $104.0M |
| Net Profit | $5.4M | $40.3M |
| Gross Margin | 34.1% | — |
| Operating Margin | 7.8% | 48.3% |
| Net Margin | 5.9% | 38.8% |
| Revenue YoY | -4.0% | 12.5% |
| Net Profit YoY | 99.7% | 16.9% |
| EPS (diluted) | $0.10 | $2.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $90.9M | $104.0M | ||
| Q3 25 | $71.2M | $102.9M | ||
| Q2 25 | $107.4M | $95.7M | ||
| Q1 25 | $65.8M | $89.4M | ||
| Q4 24 | $94.7M | $92.4M | ||
| Q3 24 | $82.7M | $90.7M | ||
| Q2 24 | $77.1M | $85.0M | ||
| Q1 24 | $90.5M | $82.2M |
| Q4 25 | $5.4M | $40.3M | ||
| Q3 25 | $-120.0K | $41.7M | ||
| Q2 25 | $8.6M | $36.0M | ||
| Q1 25 | $-5.3M | $32.6M | ||
| Q4 24 | $2.7M | $34.5M | ||
| Q3 24 | $509.0K | $32.5M | ||
| Q2 24 | $-3.6M | $29.3M | ||
| Q1 24 | $6.3M | $27.8M |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 30.2% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 27.3% | — | ||
| Q4 24 | 31.4% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 28.2% | — | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 7.8% | 48.3% | ||
| Q3 25 | 4.0% | 50.4% | ||
| Q2 25 | 11.7% | 46.8% | ||
| Q1 25 | -10.1% | 44.9% | ||
| Q4 24 | 5.2% | 46.8% | ||
| Q3 24 | 2.4% | 45.0% | ||
| Q2 24 | -2.4% | 43.3% | ||
| Q1 24 | 5.2% | 41.8% |
| Q4 25 | 5.9% | 38.8% | ||
| Q3 25 | -0.2% | 40.6% | ||
| Q2 25 | 8.0% | 37.6% | ||
| Q1 25 | -8.0% | 36.4% | ||
| Q4 24 | 2.9% | 37.3% | ||
| Q3 24 | 0.6% | 35.8% | ||
| Q2 24 | -4.7% | 34.5% | ||
| Q1 24 | 6.9% | 33.8% |
| Q4 25 | $0.10 | $2.63 | ||
| Q3 25 | $0.00 | $2.73 | ||
| Q2 25 | $0.18 | $2.34 | ||
| Q1 25 | $-0.10 | $2.08 | ||
| Q4 24 | $0.05 | $2.21 | ||
| Q3 24 | $0.01 | $2.10 | ||
| Q2 24 | $-0.07 | $1.92 | ||
| Q1 24 | $0.12 | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.4M | — |
| Total DebtLower is stronger | $1.3M | $134.9M |
| Stockholders' EquityBook value | $424.4M | $1.3B |
| Total Assets | $640.5M | $9.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $5.7M | — | ||
| Q1 25 | $4.7M | — | ||
| Q4 24 | $4.7M | — | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | $1.3M | $134.9M | ||
| Q3 25 | $1.5M | $134.6M | ||
| Q2 25 | $907.0K | $134.3M | ||
| Q1 25 | $1.1M | $156.6M | ||
| Q4 24 | $1.2M | $161.4M | ||
| Q3 24 | $376.0K | $161.2M | ||
| Q2 24 | $522.0K | $162.4M | ||
| Q1 24 | $3.5M | $162.3M |
| Q4 25 | $424.4M | $1.3B | ||
| Q3 25 | $417.1M | $1.2B | ||
| Q2 25 | $415.9M | $1.2B | ||
| Q1 25 | $406.5M | $1.2B | ||
| Q4 24 | $455.6M | $1.2B | ||
| Q3 24 | $451.5M | $1.1B | ||
| Q2 24 | $449.8M | $1.1B | ||
| Q1 24 | $452.0M | $1.1B |
| Q4 25 | $640.5M | $9.2B | ||
| Q3 25 | $646.3M | $9.0B | ||
| Q2 25 | $646.7M | $8.9B | ||
| Q1 25 | $646.1M | $9.0B | ||
| Q4 24 | $604.7M | $8.8B | ||
| Q3 24 | $601.5M | $8.6B | ||
| Q2 24 | $598.7M | $8.6B | ||
| Q1 24 | $571.7M | $8.4B |
| Q4 25 | 0.00× | 0.11× | ||
| Q3 25 | 0.00× | 0.11× | ||
| Q2 25 | 0.00× | 0.11× | ||
| Q1 25 | 0.00× | 0.13× | ||
| Q4 24 | 0.00× | 0.14× | ||
| Q3 24 | 0.00× | 0.14× | ||
| Q2 24 | 0.00× | 0.15× | ||
| Q1 24 | 0.01× | 0.15× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.4M | $153.5M |
| Free Cash FlowOCF − Capex | $9.8M | $149.4M |
| FCF MarginFCF / Revenue | 10.8% | 143.7% |
| Capex IntensityCapex / Revenue | 1.7% | 3.9% |
| Cash ConversionOCF / Net Profit | 2.11× | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4M | $153.5M | ||
| Q3 25 | $-8.9M | $45.9M | ||
| Q2 25 | $19.8M | $38.9M | ||
| Q1 25 | $-45.2M | $41.8M | ||
| Q4 24 | $37.5M | $133.7M | ||
| Q3 24 | $10.4M | $39.6M | ||
| Q2 24 | $-15.3M | $37.3M | ||
| Q1 24 | $-21.5M | $23.4M |
| Q4 25 | $9.8M | $149.4M | ||
| Q3 25 | $-9.8M | $45.9M | ||
| Q2 25 | $18.6M | $38.4M | ||
| Q1 25 | $-47.6M | $41.3M | ||
| Q4 24 | $32.3M | $116.8M | ||
| Q3 24 | $8.9M | $34.7M | ||
| Q2 24 | $-18.9M | $34.4M | ||
| Q1 24 | $-25.0M | $20.1M |
| Q4 25 | 10.8% | 143.7% | ||
| Q3 25 | -13.8% | 44.6% | ||
| Q2 25 | 17.3% | 40.1% | ||
| Q1 25 | -72.4% | 46.2% | ||
| Q4 24 | 34.0% | 126.4% | ||
| Q3 24 | 10.7% | 38.3% | ||
| Q2 24 | -24.6% | 40.5% | ||
| Q1 24 | -27.7% | 24.4% |
| Q4 25 | 1.7% | 3.9% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 3.7% | 0.5% | ||
| Q4 24 | 5.6% | 18.3% | ||
| Q3 24 | 1.9% | 5.4% | ||
| Q2 24 | 4.7% | 3.5% | ||
| Q1 24 | 3.9% | 4.0% |
| Q4 25 | 2.11× | 3.81× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | 2.31× | 1.08× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 13.89× | 3.88× | ||
| Q3 24 | 20.52× | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | -3.42× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
NIC
Segment breakdown not available.
